Chemical Bank Central in Big Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

Chemical Bank Central in Big Rapids, Michigan (MI)
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Chemical Bank Central - Overview

General
FDIC Certificate #: 14719
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank West (#26489)
Federal Reserve ID: 684642
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 69 (Interstate: No)
FDIC's unique #: 9208
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 18, 1934
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: Febuary 05, 2001
Last Data Update: Febuary 05, 2001
Data Source Date: April 05, 2012
Location
Address: 125 North Michigan Avenue, Big Rapids, MI 49307
County: Mecosta
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Grand Rapids
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Big Rapids, MI (#13660)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $119.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)

Dollar figures in thousands
64Total employees (full-time equivalent)
$119,905Total assets
$8,091Cash and due from depository institutions
$0Interest-bearing balances
$23,452Securities
$3,500Federal funds sold & reverse repurchase agreements
$81,361Net loans & leases
$1,236Loan loss allowance
$0Trading account assets
$1,400Bank premises and fixed assets
$0Other real estate owned
$846Goodwill and other intangibles
$0Life insurance assets
$1,255All other assets
$119,905Total liabilities and capital
$109,224Total liabilities
$102,775Total deposits
$77,358Interest-bearing deposits
$102,775Deposits held in domestic offices
0.00%% insured (estimated)
$5,312Federal funds purchased & repurchase agreements
$0Trading liabilities
$447Other borrowed funds
$0Subordinated debt
$690All other liabilities
$10,681Total equity capital
$10,681Total bank equity capital
$10,681Perpetual preferred stock
$0Common stock
$1,774Surplus
$1,775Undivided profits
Memoranda
$7,132Noncurrent loans and leases
$2,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24Earning assets
$0Long-term assets (5+ years)
$410Average Assets, year-to-date
$108,313Average Assets, quarterly
$13,301Volatile liabilities
$110,596Insider loans
$115,494FHLB advances
$11,433Loans and leases held for sale
$1,135Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,961Total unused commitments
$0Restructured Loans and leases
$908Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$7,998Total interest income
$3,015Total interest expense
$4,983Net interest income
$85Provision for loan and lease losses
$780Total noninterest income
$0Fiduciary activities
$567Service charges on deposit accounts
$0Trading account gains & fees
$213Additional noninterest income
$3,383Total noninterest expense
$1,963Salaries and employee benefits
$435Premises and equipment expense
$985Additional noninterest expense
$2,295Pre-tax net operating income
$1Securities gains (losses)
$762Applicable income taxes
$1,534Income before extraordinary items
$0Extraordinary gains - net
$1,534Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$58Sale, conversion, retirement of capital stock, net
$2,255Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.85%Yield on earning assets
2.96%Cost of funding earning assets
4.89%Net interest margin
0.77%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
2.08%Pretax return on assets
13.91%Return on equity (ROE)
-6.54%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
146.55%Credit loss provision to net charge-offs
41.03%Efficiency ratio
57,505Assets per employee
1.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
147.00%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
5150.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
79.16%Net loans and leases to core deposits
83.79%Equity capital to assets
8.91%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
13.41%Total risk-based capital ratio
Memoranda
$15Average assets
$110,596Average earning assets
$11,030Average equity
$101,837Average loans

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